Lender Title Insurance - New Mexico

[Zachary Moore]

I'm closing on a duplex in New Mexico soon and have gotten a really high number for lender title insurance.  This is my first out of state purchase and I've never seen a number this high in my previous purchases in CA.   I reached out to the lender to inquire about shopping my own quote and got this back:  "Every state is a little different. The State Board of Insurance regulates these and we do not have a Transfer Tax in NM.  I will tell you, my number is a high side estimate at this point and I will certainly confirm this throughout the process."

I'm planning on reaching out to other title companies (First American) for quotes, but wonder if this is way out of line from others experiences.  

I have never used this loan company before - they were recommended by my agent.  They are giving me a second home designation on the loan, since we are short term renting one side of the duplex when the existing renter's lease ends.  Not getting an investment/rental loan designation is keeping me at 2.625% w/20% down, so I don't know how hard I want to push on the title fees.  Any thoughts?